Sr. Fund Accounting Associate

Job Description

Sr. Fund Accounting Associate

Work setup 2-4x RTO a month

Must have - 5 Years Private Equity Fund Accounting Experience (preferably at least 3 years as a Senior Accountant and/or 1yr as an Assistant Manager level)

- Accounting / Finance Graduate

- With General Partners Experience

Preferred: - With Personal Laptop or Computer for Assessment

- Knowledgeable with Investran

Job Description

The Senior Associate is responsible for preparation of the general partner's accounting records, capital activity (capital calls, distributions), trial balances, capital and carry issuances and other general partner reporting. The role will require General Partner experience or, at a minimum, fund accounting experience (American Waterfall),

ability to handle deal by deal allocations, Manager Fee Offset (MPI) allocations, and issuing capital calls and distributions.

General Partner Tasks

Prepare work paper files for accuracy and completeness, including capital activity,investment activity, income, fund flow through expense and direct expenseallocations.

Prepare deal by deal capital calls allocations and distribution, allocate expenses,and prepare investor capital notices.

Prepare and assist with tracking and maintaining carried interest issuances,updating deal by deal, carry, re-allocating carry for issuances and forfeitures basedon each fund's allocation rules.

Summarize key provisions from fund agreements such as allocation methodology,clawback provisions and holdback requirements, expense policies andmethodologies.

Prepare monthly cash reconciliations for numerous funds. This requiresdownloading bank cash activity, tracking expense reserves, tax withholdings andpayments and other reconciling items.

Prepare the set-up of GP entities in Investran and record historical capital activity.

Prepare the recording of monthly journal entries in Investran based on the capitalactivity.

Prepare quarterly trial balances and reconcile fund accounting workpapers as wellas general partner's year-to-date and life-to-date capital activity summary andreconciliations.

Prepare and maintain tax withholdings and payments by investor, fund and legalentity.

Prepare and maintain year-to-date and life-to-date capital activity.

Prepare and maintain the General Partner commitment tracker by Fund.

Assist with ad-hoc reporting needs.

Data & Processes

Historical accounting data has been tracked in Microsoft Excel. The individualshould be able to prepare data for the implementation of technology solutions

Assist in the creation of various databases in Microsoft Excel by gatheringdata from primary and secondary sources

Ensure data integrity across our various databases and tools

Ensure the upkeep of databases and data systems.

Cleanse data and scrutinize computer-generated reports and outputs toidentify and rectify errors

Data Cleaning and Preparation: This involves filtering the data, handling missing values, and preparing the dataset for analysis to ensure accuracy and relevance.

Monitor data quality, correct when needed, and develop systematic approaches for flagging issues and ensuring continuous data quality improvement

Engage with managers from various departments to specify data requirements for analysis projects tailored to their unique business processes.

Create, expand and own various processes.

Look for opportunities to improve or streamline existing processes and reporting

Document procedures and policies across multiple funds/investments. The individual will be required to understand and assist with the preparation and reviewing of documentation of deal-by-dealallocation rules that vary by fund and investor classes.

Requirements

Bachelor's degree in accounting or finance.

Previous General Partner Accounting experience or at minimum, Fund accounting experience.

5-10 years experience in accounting, with a focus in private equity

Demonstrate a strong knowledge of accounting, with a focus on private equity funds.

Good English, oral and written, strong communication skills.

Proficiency in Microsoft Office suite, with advanced Microsoft Excel skills

Not intimidated by large data sets

Proficiency in Investran required

Understanding accounting and finance process flows and how information is consolidated into the general ledger, to ensure improvement and value creation.

Initiative to learn, ask questions, operate in a fast-paced environment, challenge the status quo

High attention to detail, accuracy and timeliness with proven ability in managing multiple deliverable

timelines concurrently.

Ability to own and complete various workstreams.

Ability to provide valuable insight and assist with initiatives.

Ability to follow procedures.

Ability to meet assigned deadlines.

Self-motivated / energetic individual.

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